Shadow AI” use is rampant among company leadership and employees alike, a practice that exposes businesses to significant financial and reputational risks.

In court documents filed in a lawsuit, officials said 1,446 Treasury employees received reduction-in-force notices, including ...

An IRS notice says employers won’t face penalties if they don’t provide a separate accounting of cash tips and overtime ...

A global survey identifies actions taken by high-growth tax and accounting firms of all sizes that aren’t being taken by ...

Accountants can choose from a plethora of new ways to apply artificial intelligence (AI), as capabilities for language processing, decision-making, and automation are more accessible than ever. “There ...

AI developers rarely grant access to check whether their proprietary software is reliable, secure, and devoid of harmful ...

Early adopters such as Wipfli and Anders offer lessons learned that can help you finalize your QM system and confidently ...

The IRS ended Direct File, the free, online pilot program that nearly 300,000 taxpayers in 25 states used to file returns for tax year 2024. The IRS website for Direct File says “Direct File is closed ...

Failure to have a proper engagement letter can lead to tax claims being asserted against firms. Learn how to help lower your risks.

A life insurance policy’s premiums were held nondeductible by a dentist’s practice, and its increase in cash value was taxable income to the dentist.